From the June 21st-27th, 2008 issue – cover: “The Future of Energy.” The lead editorial states on page 17:
[In the early 1970s] a spike in the price of oil coincided with a fear that natual limits to supply were close. The newspapers were full of articles on solar power, fusion and converting the economy to run on fuel cells and hydrogen. Of course, there was no geological shortage of oil, just a politically manipulated one. Nor is there a geological shortage this time around.
However, the feature article “The power and the glory” on page 3 of its subsection states:
Oil is no longer cheap; indeed, it has never been more expensive. Moreover, there is growing concern that the supply of oil may soon peak as consumption continues to grown, known supplies run out and new reserves become harder to find.
